News on July 26, in keeping with knowledge from DefiLlama, the buying and selling quantity of the whole DeFi market on Sunday was solely 1.12 billion US {dollars}, reaching the low of the 12 months.
Additionally, DeFi TVL dropped from $45.3 billion to $42.9 billion in July. Among them, Conic Finance turned the greatest loser. The protocol misplaced 1,700 ETH in a reentrancy assault final week.
The deal’s particular person TVL fell 65% to $42 million from $125 million.
Coincidentally, on Tuesday, EraLend, the largest lending protocol in the zkSync ecosystem, suffered one other reentrancy assault, inflicting a loss of $3.4 million.
Several different DeFi protocols have additionally seen outflows this month, with liquidity staking protocol Ankr, NFT lending service BendDAO, and Arbitrum-based DEX Chronos seeing TVL drops of as a lot as 50%.
Major DeFi protocols like Curve Finance, Blur, and MakerDAO have additionally all misplaced greater than 15% of their TVL over the previous month. Although most DeFi didn’t revenue in the comparatively steady massive market, a number of protocols emerged as winners.
EigenLayer noticed new inflows following the launch of its rehypothecation protocol, whereas Lybra Finance and Solana SOL 3.01%-based Marinade Finance continued to point out robust progress, with TVL will increase of 73% and 45%, respectively.
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